Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
State officials estimating Louisiana ended latest fiscal year in the red
Gov. Bobby Jindal’s administration is quietly notifying legislative leaders that Louisiana closed the books on the last budget year with a deficit, but the administration isn’t saying publicly how deep the problem is.
The announcement of the deficit’s size is expected in mid-October, when details are due to the Legislature’s joint budget committee.
State Treasurer John Kennedy estimates the gap exceeds $100 million.
House Speaker Chuck Kleckley and House Appropriations Committee Chairman Jim Fannin said Wednesday they’ve been told by administration officials that the state ended the 2014-15 fiscal year on June 30 in the red.
Read more: http://theadvocate.com/news/13526764-98/louisiana-ended-most-recent-budget